SOUNDWILL HOLD<00878> - Share Consolidation

Market participants are requested to note that the ordinary shares 
of HKD0.01 each ("Old Shares") in the capital of Soundwill Holdings 
Limited will be consolidated into ordinary shares of HKD0.10 each 
(after capital reduction)("New Shares") on the basis of 50 into 1 
subject to its shareholders' approval at the Special General Meeting 
to be held on 03/04/2003. Upon the proposals becoming effective, a 
temporary counter under stock code 2927 and stock short name 
"SOUNDWILL HOLD" will be established for trading in board lots of 40 New 
Shares each to replace the present counter (stock code: 878) for trading 
in board lots of 2,000 Old Shares each effective from Friday, 04/04/2003.